Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India - 2023

Contents:

  1. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India (FOB) - 2022
  2. Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India (CIF) - 2022
  3. Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India
  4. Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India (FOB) - 2022

The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses stood at $3,084 per ton in 2022, increasing by 5.8% against the previous year. Over the period under review, the export price, however, saw a pronounced slump. The growth pace was the most rapid in 2020 when the average export price increased by 11%. Over the period under review, the average export prices reached the maximum at $3,863 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($3,918 per ton), while the average price for exports to Tunisia ($1,862 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.2%), while the prices for the other major destinations experienced a decline.

Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India (CIF) - 2022

In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $1,807 per ton, growing by 14% against the previous year. Overall, the import price, however, recorded a deep contraction. Over the period under review, average import prices hit record highs at $4,401 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,801 per ton), while the price for Sweden ($493 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-3.3%), while the prices for the other major suppliers experienced a decline.

Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India

In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses exported from India surged to 30K tons, rising by 49% on 2021 figures. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses surged to $94M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +5.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States20.715.420.939.123.6%
South Africa5.05.23.86.27.4%
Canada4.22.24.84.95.3%
United Arab Emirates5.01.52.73.7-9.5%
Netherlands2.10.50.73.518.6%
Mexico0.71.01.43.571.0%
Saudi Arabia2.22.93.63.415.6%
Belgium0.91.82.02.540.6%
Germany7.46.51.81.9-36.4%
Australia2.51.11.41.8-10.4%
GeorgiaN/AN/AN/A1.70%
Brazil0.1N/A0.31.6152.0%
Tunisia0.90.5N/A1.16.9%
Others27.420.616.218.9-11.6%
Total79.059.459.693.95.9%

Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from India in 2022:

  1. United States (12.5K tons)
  2. Canada (1.7K tons)
  3. South Africa (1.7K tons)
  4. Saudi Arabia (1.6K tons)
  5. Netherlands (1.6K tons)
  6. United Arab Emirates (1.5K tons)
  7. Mexico (0.9K tons)
  8. Germany (0.8K tons)
  9. Tunisia (0.6K tons)
  10. Belgium (0.6K tons)
  11. Brazil (0.5K tons)
  12. Georgia (0.5K tons)
  13. Australia (0.5K tons)

Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India

In 2022, approx. 9.8K tons of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were imported into India; with a decrease of -11.4% on the previous year. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 32%. As a result, imports reached the peak of 11K tons, and then shrank in the following year.

In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses totaled $18M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in India (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.18.212.213.915.2%
United States1.20.60.60.7-16.4%
Australia0.61.00.90.60.0%
Spain0.20.20.50.314.5%
Canada0.20.30.30.1-20.6%
Others3.23.23.02.1-13.1%
Total14.713.517.417.66.2%

Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to India in 2022:

  1. China (7.7K tons)
  2. Australia (0.8K tons)
  3. United States (0.4K tons)
  4. Spain (0.3K tons)
  5. Canada (0.1K tons)

Source: IndexBox Market Intelligence Platform

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